Professor Wendy Smith has been offered the following opportunity. A law limt would like to retain her for an upfont poyinent of $50,000. In ratum, for the next year the flim woud hove access to olgh hourk of her time every month. As an altemative. poyment arrangement, the firm woukd pay Professor Smth's hourly rate tor the eight hours each month. Smiths rate is $540 per hour and her opportunity cost of capital is 15% per year. What does the IRR rule advise regarding the poyment arrangement? (Hint: Find the monthly rate that will yield an effective annual rate of 15%.) What about the NPV rule